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Students face bill of £14bn on graduation day

On the day the Higher Education Bill is expected to go through parliament, figures from the Liberal Democrats reveal that top-up fees could see students graduating in 2010 with a total debt of £14bn.

Phil Willis MP, Liberal Democrat shadow education secretary, said: “This figure is shocking. Higher education should be about ability to learn, not ability to pay. Yesterday&#39s decision on top-up fees will leave students graduating in 2010 with a debt twice the size of the government&#39s budget for higher education this year.

“Fees equal debt. As fees increase, so will the number of students being forced to take desperate measures to pay off their debt.”

Willis adds: “For the first time in four years the intake of working class students intoour universities has not increased. Once again higher education is about to become the province of the wealthy, as real fear of debt will keep low and middle income families out of universities.”


County offers luxury golf break as incentive

County Mortgages has launched a sales incentive – a luxury golf break to the golfing capital of Europe. Eight intermediaries are set to be drawn from a hat to win a four-day break to Spain.  All they have to do is submit eight sub-prime County Home Loans; applications between  June 1 and July 31, 2004 to be entered into […]

Accord launches US-style LIBOR tracker mortgage

Accord Mortgages has become one of only three UK organisations to launch a US-style LIBOR tracker rate mortgage. The two lenders who have previously launched such a deal into the market in this country are Skipton and Charcol. During the tracker period of October 1 2004 to September 30 2009 the interest rate applicable to […]

Private rented sector in dialogue with government

Representatives of the private rented sector have met Keith Hill, the minister of housing and planning. David Salusbury, chairman of the National Landlords Association and vice-chairman of the National Federation of Residential Landlords, and Richard Price, chief executive of the NFRL, had a wide-ranging discussion with the minister and his officials. While the meeting took […]

The Money Centre offers electronic portfolio review system

Specialist buy-to-let brokerage The Money Centre has teamed up with Property Intellect, the property investment software published by Wild Rabbit Software, to offer clients the opportunity to potentially save significant amounts of money on their borrowings. Property Intellect users are now able to review their entire borrowing and asset portfolio and send this information instantly […]


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